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crypto.news

South Korea’s KRW1 stablecoin taps LayerZero for cross-chain expansion

BDACS has selected LayerZero’s Omnichain Fungible Token standard for its KRW1 stablecoin, giving the won-backed asset a unified cross-chain system as the company seeks to expand its use outside South Korea. LayerZero said BDACS, South Korea’s largest digital asset custodian…

crypto.news

Abraxas Capital buys $32M ETH to hedge $353M Hyperliquid short

Abraxas Capital has bought another 13,000 ETH worth $32.39 million in the spot market to hedge part of a 141,180 ETH short position on Hyperliquid valued at $353.27 million. Lookonchain said on Sept. 8 that Abraxas Capital purchased the additional…

CoinDesk

Bitcoin’s golden cross is here

A golden cross has triggered on bitcoin's daily price chart, indicating a potential long-term bullish trend ahead.

BeInCrypto

UBS Names Three Places to Put Money as Fed Rate Hike Odds Reach 60%

UBS has identified three places for investors to put money as volatility builds around the Federal Reserve’s September decision, while withdrawing a bond recommendation. The bank’s strategists argue that the key question is not whether the Fed hikes or holds,…